Coupa Software Partners with Tuition.io to Help Employees Conquer Student Debt
07 February 2018 - 12:30AM
Coupa Software (NASDAQ:COUP), a leader in business spend management
(BSM), announced today the rollout of its student loan repayment
assistance program, a new employee benefit to help workers pay off
their burdensome student loans - faster. The company is partnering
with Tuition.io, the leading platform for employee student loan
contributions, to administer the program.
As part of the benefit, participating Coupa employees will
receive monthly contributions to help pay down the principal of
their student loans. This benefit extends to Parent PLUS loans,
which are loans parents take out to help their children finance
college. It also applies to the student loans of employees’
spouses and domestic partners. The program is available starting
today for full-time employees across the U.S.
“With more than 44 million Americans weighed down by student
loan debt, we recognize the importance of offering a benefit that
helps our employees overcome this burden and start building toward
their future sooner rather than later,” said Ray Martinelli,
executive vice president of people at Coupa. “Tuition.io’s platform
allows us to offer the most seamless and integrated approach for
our employees to not only tackle their own debt but that of their
extended families as well. It reinforces our commitment to our
employees’ success.
Recent survey results show 86 percent of Americans say they
would commit to working for an employer for five years if the
company helped pay back their student loan. Coupa, which was
certified in 2017 as a “Great Place to Work” by the Great
Place to Work® organization, hopes to attract and retain the best
talent in the market. Ninety-two percent of employees say they are
proud to work for Coupa.
“Coupa has a long history of championing a people-centered
corporate culture, and this is another way to continue their
mission of offering best-in-class employee benefits,” said Scott
Thompson, CEO of Tuition.io. “With the student debt crisis
continuing to escalate, it is not a matter of if, but when
companies will do their share to find solutions. We are excited to
work with Coupa as they lead the way.”
About Coupa Software Coupa Software
(NASDAQ:COUP) is the cloud platform for business spend management
(BSM). We deliver “Value as a Service” by helping our customers
maximize their spend under management, achieve significant cost
savings and drive profitability. Coupa provides a unified,
cloud-based spend management platform that connects hundreds of
organizations representing the Americas, EMEA, and APAC with
millions of suppliers globally. The Coupa platform provides greater
visibility into and control over how companies spend money.
Customers – small, medium and large – have used the Coupa platform
to bring billions of dollars in cumulative spend under management.
Learn more at www.coupa.com. Read more on the Coupa
Blog or follow @Coupa on Twitter.
About Tuition.ioTuition.io is the nation’s
leading employee benefit platform empowering employers to better
attract, retain and engage their next generation of talent who are
saddled with stifling student debt, by helping their employees
reduce and better manage their student loan burden. Tuition.io
works with companies of all sizes, from Fortune 500 companies such
as Live Nation, Fidelity Investments and Staples, to startups
including ChowNow and Chegg, as well as public entities such as the
City of Memphis. Tuition.io is on a mission to provide an impactful
solution for employers and employees across the country. For more
information, visit www.tuition.io or follow us at
@Tuitionio.
Media inquiries:Orlando De BruceCoupa
Software Global Public
Relationsorlando.debruce@coupa.comO (650) 485-8629
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